Listed by Windermere Real Estate GH LLC, Bought with Westlake Associates, Inc.
NOT LISTED FOR SALE
10 Beds
6 Baths
4,050 Sq Ft
0.31 Acres

Last Sold March 09, 2016

Last sale price $1,400,000 $346 Per Sq Ft

75 Days on Market

Highlights

  • High Speed Internet
  • Edmonds Woodway High School Rated A-
  • Wood Siding

About This Home

As of March 2016

Introducing Salish Apartments - an incredible boutique investment opportunity located close to downtown Edmonds. Extensive remodel completed in 2015 includes all new kitchens, bathrooms, flooring, roof, electrical, plumbing, landscaping, parking surfaces and more. Great off-street parking and designated storage for each tenant including additional owner's unit. Fully leased and quality built for longevity.

Last Agent to Sell the Property

Adam Cobb

Windermere Real Estate GH LLC License #100973 Listed on: 11/11/2015

Windermere Real Estate GH LLC

Last Buyer's Agent

Peter Hiatt

Westlake Associates, Inc. License #3015

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 869414

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,776

Year Built

  • Built in 1952 | Remodeled

Lot Details

  • 0.31 Acre Lot
  • Street terminates at a dead end

Home Design

  • Poured Concrete
  • Composition Roof
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 4,050 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring

Parking

  • 10 Parking Spaces
  • Open Parking

Outdoor Features

  • Outbuilding

Schools

  • College Pl Mid Middle School
  • Edmonds Woodway High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • 5 Corners Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00500800000200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,776

Year Built

Built in 1952 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1952
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 4050
  • Special Features: None
  • Cumulative Days on Market: 441

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate
  • Interior Amenities: Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Fire Sprinklers,Storage

Exterior Features

  • Roof: Composition, Torch Down
  • Lot Features: Dead End Street
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Remodeled
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: PUD
  • SewerCompany: City of Edmonds
  • WaterCompany: City of Edmonds
  • WaterSewerGarbage: 9079

Fee Information

  • Annual Fuel Expense: 360

Schools

  • Junior High Dist: Edmonds
  • High School: Edmonds Woodway High
  • Middle Or Junior School: College Pl Mid

Lot Info

  • Parcel Number: 00500800000200
  • Lot Size Acres: 0.31
  • Lot Size Sq Ft: 13503
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet,Outbuildings
  • MLSLotSizeSource: SCR
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 7600

Multi Family

  • Gross Scheduled Income: 91200
  • Net Operating Income: 68613
  • Number Of Units Total: 6
  • Electric Expense: 360
  • Insurance Expense: 6921
  • Leasable Area: 3938
  • UnitsInBuildingTotal: 6
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2015
  • Tax Annual Amount: 4776

MLS Schools

  • Elementary School: Buyer To Verify

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/09/2016 03/09/16 Sold $1,400,000 -6.7% $346 / Sq Ft
01/26/2016 01/26/16 Pending -- -- --
11/11/2015 11/11/15 For Sale $1,499,750 -- $370 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 869414

Northwest Multiple Listing Service (NWMLS)